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Nirmal Bang Vs GCL Securities (Compare Nirmal Bang and GCL Securities)

Nirmal Bang
Incorporated in 1986, Nirmal Bang Securities Pvt Ltd., (Nirmal Bang) is amongst the top full-service broking houses, offering various financial products and services. The Nirmal Bang group of companies was founded by Nirmal Bang, Dilip Bang and Kishore Bang. Nirmal Bang offers trading services in equities, derivatives, commodities and currency. Stock trading is offered to retail clients through multiple channels including online trading in the BSE and the NSE. In addition to those services, the...

GCL Securities
Incorporated in 2004, GCL is a Jaipur, Rajasthan based financial service provider. GCL is a full-service stock broker popular for its commodity trading services in Northern India. GCL offers a range of financial services including online trading and investment in Equity, Derivatives, Currency, Commodities and Mutual Funds. GCL also offers wealth management and Portfolio management services. The company has a depository membership with CDSL and is a member of NSE, BSE, MCX and NCDEX. GCL offer...

Nirmal Bang Vs GCL Securities

Incorporated in 1986, Nirmal Bang is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX, NMCE. It has 2000 branches across India. Incorporated in 2004, GCL Securities is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 7 branches across India.

	Nirmal Bang	GCL Securities
Type of Broker	Full Service Broker	Full Service Broker
Exchnage Membership	BSE, NSE, MCX, NCDEX, NMCE	BSE, NSE, MCX, NCDEX
Year of Incorporation	1986	2004
Number of Branches	2000	7

Nirmal Bang Vs GCL Securities Charges & AMC

Nirmal Bang trading account opening charges is Rs 0 while GCL Securities account opening changes is Rs 0 (Free). Nirmal Bang Demat Account AMC Charges is Rs 200 and GCL Securities Demat Account AMC Charges is Rs 300 per year or Lifetime free AMC for Rs 1250.

	Nirmal Bang	GCL Securities
Trading Account Opening Charges	Rs 0	Rs 0 (Free)
Trading Account AMC Charges	Rs 0	Rs 0 (Free)
Demat Account Opening Charges	Rs 0	Rs 0 (Free)
Demat Account AMC Charges	Rs 200	Rs 300 per year or Lifetime free AMC for Rs 1250

Nirmal Bang Vs GCL Securities Brokerage Charges & Plans

Nirmal Bang Vs GCL Securities Brokerage

Nirmal Bang brokerage charges for equity is 0.2% and intraday is 0.02% whereas GCL Securities brokerage charges for equity is 0.20% and intraday is 0.02%.

	Nirmal Bang	GCL Securities
Account Type	Basic Plan	Premium Plan
Fixed Charges	NA	NA
Equity Delivery	0.2%	0.20%
Equity Intraday	0.02%	0.02%
Equity Futures	0.02%	0.02%
Equity Options	Rs 35	Rs 25 per lot
Currency Futures	0.02%	0.01%
Currency Options	Rs 20	Rs 15 per lot
Commodity Futures	0.01%	0.01%
Commodity Options		Rs 50 per lot
Special Offer		Special Offer: Get Free Trading + Demat Account (No account opening fee) for limited time. Request a Callback.

Nirmal Bang Vs GCL Securities Brokerage Plan 2

	Nirmal Bang	GCL Securities
Account Type	Basic Plan	Discount Plan
Fixed Charges	NA	NA
Equity Delivery	0.2%	Rs 25 per lot
Equity Intraday	0.02%	Rs 25 per lot
Equity Futures	0.02%	Rs 25 per lot
Equity Options	Rs 35	Rs 25 per lot
Currency Futures	0.02%	Rs 25 per lot
Currency Options	Rs 20	Rs 25 per lot
Commodity Futures	0.01%	Rs 25 per lot
Commodity Options		Rs 25 per lot

Nirmal Bang Charges Vs GCL Securities

Minimum Brokerage		Rs 10 per contract
Other Charges
Call & Trade Charges		Rs 0 (Free) in Premium Plan and Rs 100 per call in Discount Plan

Nirmal Bang Vs GCL Securities Transaction Charges

Nirmal Bang transaction charges for options is Rs 5700 while GCL Securities exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

	Nirmal Bang	GCL Securities
Equity Delivery	Rs 390	NSE Rs 325 per crore (0.00325%) \| BSE Rs 275 per crore (0.00275%)
Equity Intraday	Rs 390	NSE Rs 325 per crore (0.00325%) \| BSE Rs 275 per crore (0.00275%)
Equity Futures	Rs 240	NSE Rs 190 per crore (0.0019%)
Equity Options	Rs 5700	NSE Rs 5000 per crore (0.05%)
Currency Futures	Rs 240	NSE Rs 110 per crore (0.0011%)
Currency Options	Rs 5700	NSE Rs 110 per crore (0.0011%)
Commodity	Rs 250	MCX Rs 260 per crore (0.0026%) \| NCDEX Rs 600 per crore (0.006%)

Nirmal Bang Vs GCL Securities Leverage (Margin)

Nirmal Bang margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the GCL Securities margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

	Nirmal Bang	GCL Securities
Equity Delivery	1x (no margin)	1x (no margin)
Equity Intraday	Up to 6x (based on the stock)	Up to 6x (based on the stock)
Equity F&O	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)

Compare Nirmal Bang and GCL Securities Features

The trading platforms offered Nirmal Bang include Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App. GCL Securities offers GCL On Time, GCL PRO WEB, ODIN DIET trading software.

	Nirmal Bang	GCL Securities
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App	GCL On Time, GCL PRO WEB, ODIN DIET
Intraday Square-off Time	3:15	3:10 PM
Other Features
Referral Program

Nirmal Bang Vs GCL Securities Review

Nirmal Bang is rated 2.6 of 5 based on 19 customer reviews whereas GCL Securities is rated 4.7 of 5 based on 19 customer reviews.

	Nirmal Bang	GCL Securities
	19 Customer Reviews	19 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Nirmal Bang is rated 2.6 of 5 based on 19 customer reviews	GCL Securities is rated 4.7 of 5 based on 19 customer reviews

Contact Broker / Request A Call Back

	Nirmal Bang Enquire	GCL Securities Enquire
Contact Broker	Leave your contact information and we will get in touch with you.... Name Phone # Email City Name State Are you a day trader?	Get Free Trading + Demat Account (No account opening fee) for limited time. Request a Callback.

Nirmal Bang Vs GCL Securities Investment Options

	Nirmal Bang	GCL Securities
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options

Nirmal Bang Vs GCL Securities Order Type Offered

	Nirmal Bang	GCL Securities
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)

Nirmal Bang Vs GCL Securities Research Report

	Nirmal Bang	GCL Securities
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Nirmal Bang Vs GCL Securities Suitable For Investor Type

	Nirmal Bang	GCL Securities
Casual Investor
Active Investor
Trader

Nirmal Bang Vs GCL Securities - Pros and Cons

	Nirmal Bang	GCL Securities
Pros	Low bandwidth option for anywhere access Free research report subscription 24X7 access to back-office Instant Fund transfer Multiple market watch facility with streaming quotes (Live Market Rates*) Trader can review their Margin Status, Holding Report, Order and Trade Book on a real time basis	Vast experience in commodity trading. Attractive exposure limits across asset classes. Physical delivery assistance in NCDEX commodities. Zero account opening fee. Brokerage free trading for the first month. Lifetime free AMC Demat account at Rs 1250. Offer both full-service and online discount brokerage plans. Instant and paperless online account opening. Trading platforms based on simple and powerful ODIN. Loan against shares available. Provide free research calls. Online IPO application services. Dedicated Relationship Manager in the Premium plan. WhatsApp Service Support.
Cons	Nirmal Bang doesn't offer 3 in 1 account. Brokerage rates are negotiable. Nirmal Bang doesn't have Brokerage calculator and Margin Calculator. Instant Fund withdrawal is not available Nirmal Bang is a full services broker so the brokerage charged by them is higher than the discount brokers.	3-in-1 account service not available In-house Trading terminal not available. Do not provide NRI trading. High Call and Trade charges of Rs 100 in Discount plan.
Reviews		GCL Securities Private Limited, commonly known as GCL Securities or GCL Broking, is a Rajasthan based full-service broker incorporated in 2004 offering online and offline trading, investment, and premium financial services for an entire range of financial products like Equity, Derivatives, Currency, Commodities, Mutual Funds, Fixed Income, and IPO. The company offers free 2-in-1 account opening services with an option of traditional and discount brokerage plans to its customers. GCL Securities is a member of NSE, BSE, MCX, and NCDEX and has a depository membership with CDSL. The company offers ODIN based trading platforms to its customers via the mobile app - GCL On Time, web - GCL Prob Web, and as an installable trading terminal ODIN Diet. GCL is well known for its commodity trading and research services and offers investors hedging solutions and assistance in the physical delivery and procurement of commodities.
Promo / Offers		Free Trading & Demat Account (for limited time only) Get FREE Trading + Demat Account (Zero account opening charges). You can also avail of attractive trading plans that suit your needs. Thereby saving up to 70% on brokerage. This is a limited time offer. Simply leave your contact information with us and GCL Securities representatives will contact you.

Compare More Brokers...

Nirmal Bang	GCL Securities
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